I think you are wrong as the government still have an inflation problem. Inflation just started to coming down so it’s way too early to talk about stimulus. They do a big stimulus now all hell will break loose.
This is going to be a very tough few days hence watch and see what happens is king
I am now fully expecting FMG to fall to $15 in line with border market. Which again presents excellent buying opportunities if it does
Iron ore price, page-53563
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Last
$18.56 |
Change
0.160(0.87%) |
Mkt cap ! $57.02B | |||
| Open | High | Low | Value | Volume |
| $18.40 | $18.68 | $18.39 | $31.74M | 1.717M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 9946 | $18.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.56 | 1725 | 8 |
View Market Depth
| Last trade - 10.54am 06/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |